BNB Smart Chain (BSC) & Binance Coin (BNB): Price, Uses, Tokenomics & Ecosystem

BNB Smart Chain, formerly known as Binance Smart Chain, is a blockchain platform that can execute general-purpose smart contracts and is interoperable with Ethereum Virtual Machines (EVMs).  The BNB Chain ecosystem of blockchains comprises this basic layer, often referred to as Layer 1 (L1), which was developed in collaboration with the cryptocurrency exchange Binance.  Its low transaction cost and quick transaction time are well-known. 

The BNB Smart Chain runs on BNB tokens.  In 2022, BNB—formerly known as Binance Coin—was renamed "Build and Build."  BNB serves as the "gas" token for the BNB Smart Chain, granting its holders on-chain governance privileges. 

About BNB Price

Launched in July 2017 as part of a bigger blockchain-based ecosystem, BNB (or Binance Coin) is a digital asset. It was started as an ERC-20 token on the Ethereum blockchain in the starting days. Still, it later transitioned to its own blockchain using the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism to secure it. 

BNB, also known as Binance Coin, is a digital asset introduced in July 2017 as part of a larger blockchain-based ecosystem. BNB was first developed on the Ethereum network as an ERC-20 token. Nevertheless, it subsequently moved to its own blockchain and secured it with the Tendermint byzantine-fault-tolerant (BFT) consensus process. It is an important part of the ecosystem, along with it's Binance Chain, Binance Smart Chain, Trust Wallet, and educational resources. The project's goal is to use blockchain technology to create a more useful and efficient financial ecosystem. 

How BNB Works

BNB's multi-platform utility powers a vast ecosystem.   In addition to streamlining transaction processing on Binance Chain and Binance Smart Chain, it aims to facilitate various blockchain-based projects and integrate them into educational initiatives and products, such as Trust Wallet. To preserve usefulness, BNB has a deflationary mechanism that periodically reduces its supply through a token burn process. Based on the average value of BNB over a quarter and the total number of blocks generated on the Binance Smart Chain, the Auto Burn software determines how many tokens should be deleted. This strategy is intended to promote sustained token use and long-term sustainability. 

History of BNB

As part of a blockchain project headed by Binance, a significant digital asset exchange, BNB was unveiled in July 2017. It was first introduced on Ethereum as an ERC-20 token, but to better integrate into the growing ecosystem, it was later moved to its own blockchain.

BNB gets attention in early 2021, with growing adoption and integration across multiple platforms. Its highest price was $793, which occurred in December 2024. However, the price depends on various things, such as market trends, adoption rates, and technological advancements. 

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Uses of BNB

BNB has many use cases within and outside of its ecosystem. One of the most common uses of BNB is to pay transaction fees on the Binance Chain and on the Binance Smart Chain, making BNB a requirement if you are a user on one of these networks. Additionally, BNB holders can participate in token sales through Binance Launchpad and make payments for various goods and services using BNB (e.g., accommodations, travel). BNB also plays a role in the ecosystem's deflationary mechanism as token burns help to drive additional uses of the utility token. The large number of potential uses also enables holders to leverage DeFi applications and additional products and services offered by third-party providers on the blockchain.

About BNB Founders

In 2017, Changpeng Zhao (CZ) and He Yi, the founders of Binance, introduced BNB to the world of cryptocurrency. CZ is a skilled software developer who has built trading systems; He Yi is known for her background in marketing experience and startup entrepreneurship in digital assets. Together, they founded Binance, which rapidly grew to become a leading trading venue for digital assets. BNB was created to foster adoption of the Binance ecosystem, and the founders have continually built BNB's use case with a growing number of use-case opportunities within decentralized finance, auctions, and blockchain services.

What Makes BNB Different from others

BNB is unique because of its deep integration into the Binance ecosystem, where it fulfills a number of functions. It is utilized to access decentralized finance (DeFi) apps, perform transactions on Binance Chain and Binance Smart Chain, and take part in token launches. By switching from Ethereum to its own blockchain, BNB was able to increase its functionality and accommodate more activities. Furthermore, BNB's deflationary mechanism—which involves frequent token burns—creates a special kind of supply management. This sets BNB apart from other digital assets, as does its involvement in decentralized ecosystems and its extensive integration into Binance's services.

Numbers of BNB in Circulation

As of September 2025, there were approximately 139.19 million BNB tokens in circulation, out of a maximum supply of 200 million. Unlike Cryptocurrencies which uses mining to release new tokens, BNB follows a different approach with controlled issuance and reduction model. Binance regularly carries out token burns, it permanently remove a portion of BNB from circulation. This process, known as a deflationary system helps in managing supply, Strengthening it's role within the BInance ecosystem and managing the token’s availability, it supports the utility within the ecosystem, and potentially impacting the BNB price. The burn will continue 50% of the original supply is gone, leaving around 100 million tokens as the final circulating supply.

Recent News of BNB

The current price of BNB is ₹90,037.79. The cost of BNB has increased by 3% from its 24-hour price of ₹87,620.29 and by 7% from ₹83,497.85 one week ago.  On September 24, 2025, BNB reached its highest price ever, ₹169,018.06, a -47% decrease from its most recent price.

The amount of BNB in circulation at the moment is 139,186,149, which is 100% of its total supply (139,186,149) and 70% of its maximum supply (200,000,000 BNB). By calculating BNB's current price of ₹90,037.79 against its entire supply of 139,186,149 BNB, the market capitalization is ₹ 12.52 trillion.  When fully diluted, BNB is worth ₹ 17.99 trillion.  ₹17.99T is the diluted valuation of BNB.

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As a percentage of the entire cryptocurrency market capitalization, BNB has a 4% market dominance. The trade volume over the last 24 hours was ₹369.235 billion. Its daily average is ₹361.424 billion, and the 7-day trading volume is ₹2.53 trillion, which is ₹7.811 billion higher than the previous 24-hour volume.  The trading volume for the last 30 days has been ₹11.409 trillion, with an average of ₹380.297 billion per day. This represents a reduction of ₹11.062 billion in the previous 24 hours. 

Conclusion

One of the most well-known and significant cryptocurrencies is BNB, which is backed by Binance's vast ecosystem, because of its widespread use in trade payments, distinct deflationary strategy, and ongoing token burning.  However, like other cryptocurrencies, several factors, including demand, market conditions, and legal considerations, influence its price. In the coming years, the future of BNB is expected to be promising.